This may explain why women earn less on savings than men A new study shows that the fear of a potential loss in an investment outweighed the potential gain.
Increasingly high housing prices widen the gap in Norwegians' housing quality People with low income and single parents have the worst housing conditions, according to a new report from Statistics Norway.
Norwegians buy 50 per cent more clothes and shoes than the average European Norway is once again nearly at the top in consumption in Europe. Consumers need help to make sustainable choices when shopping for clothes and shoes says researcher.
Nearly three times as many Norwegians are now struggling financially A new study from OsloMet concludes that many Norwegian households have tightened their belts.
What happens when an economic bubble bursts? “The moment the market realizes that there will be no more optimists, then the bubble bursts,” says the economics professor.
Norwegians over the age of 60 have become significantly richer in the last 10 years Transitioning to a retirement pension usually means a decrease in income. Even so, Norwegian elderly continue to expand their wealth.
Insurance is a foundation of modern society When modern insurance arrived in the 18th century, houses and buildings suddenly became collateral for loans. This laid a foundation for modern society, says economics professor Knut Sogner.
Buying and selling credit is worth thousands of times as much as the ‘real’ economy Credit is about ‘time’, ‘trust’ and ‘faith’, economic historians say.
No gifts, no society: “It's strange how little people know about why we give each other gifts.” “The exchange of gifts is the glue that holds society together,” one researcher says.
Did you know that you can lend money to the government? Lending money to the government is not for everyone. But you can if you want to, by buying a government bond.
Norway could make Europe less dependent on critical minerals from China Norway has large deposits of some rare earth metals that are important for the green shift. The Fen Complex fields in Telemark probably constitute a world-class deposit.
Researcher believes bitcoin may become as important as the internet All the bitcoins in the world are worth no more than a third of the Norwegian Oil Fund. But researcher Svein Ølnes believes that the currency will take over the world.
What happens if we can’t buy critical metals from the Chinese? The green shift makes us even more dependent on metals China has a near-monopoly on.
Ground rent: Norway’s new salmon tax turns economic textbook models into reality The Norwegian Finance Minister Trygve Slagsvold Vedum believes the introduction of a salmon tax will equalize differences between Norwegians. But some economists warn against unintended consequences.
What exactly are interest rates and where do they come from? The sting from increased interest rates is something people have felt as early as ancient Mesopotamia.
Norwegian companies with English names make more money Researchers have taken a closer look at what characteristics successful start-ups share.
Should Norway give away the billions of dollars made in profits from the war in Ukraine? Never before has Norway made as much money from gas and oil exports as now.
Wait out the stock market crisis if you can, one professor says “If you can afford it and have faith in the company, then it's just a matter of staying calm and waiting,” advises Professor Kjell Jørgensen.
“High inflation leads to savings” Inflation is at the highest it’s been in a long time. Does that mean we should stop paying off our loans and let inflation take care of it?
Should we have let more companies go bankrupt during the pandemic? Norway is an incredibly rich country, with large and powerful labour organisations that like to join forces to demand money from the state. But are we then able to adapt and become more efficient?
Can Norway make money from a tiny crustacean? The ocean contains endless untapped food resources, such as seaweed, kelp, algae and krill. But it costs time and money to turn them into useful products. One company has now succeeded in exporting several thousand tonnes of krill for animal feed and nutritional supplements.
Those with the lowest incomes have also had the lowest wage growth in recent years An increasing number of employees in Norway work in low-wage occupations and the differences in pay are growing.
We accept tax evasions more during times of crisis - for low-income earners Only two per cent of Norwegians accept that others evade taxes. But during the Covid pandemic, we had a greater understanding of low-income earners evading taxes to compensate for lost income.
Norwegians consume 25 per cent more than the average EU citizen - at some of the highest prices Goods and services are 46 per cent more expensive in Norway than in the EU.
How do we know if people are poor enough to receive financial assistance? The way we measure poverty today can contribute to people who actually need help not getting it.
COVID-19 triggered the most severe economic crisis ever in the Nordic countries – but also the shortest Researchers have studied the success of the Nordic countries in their economic management of the crisis.
Luck is important for new businesses Entrepreneurs can have bad luck. Or they may be lucky. Researchers in Bergen are now seeing how decisive the effect of chance can be.
Why do people buy the equity funds that have the worst returns? Economics researchers in Norway have come closer to an explanation to a major paradox.
When will the next economic crisis hit? An important lesson from economic crises is that they are so distinct from each other.
New Norwegian debt register saves more people from the debt trap Those who lend money must now make much better credit assessments, researchers find.
People who are unable to pay their debt are twice as likely to commit suicide Social services should be acutely aware of the risk of suicide, according to professor.
Faster internet led to more stock trading When Norwegians gained access to faster internet, their interest in mutual funds and stock trading also increased. Researchers call it a democratization of finance.
Struggling with debt you are unable to handle leads to poor mental health Norwegians are one of the world's most indebted people, and now interest rates are rising. Researchers warn that problems with debt leads to poor mental health.
What happened when Robots invaded Norwegian banks? Norwegian banks were digitalised in the 1990s. Management had high hopes of laying off staff.
The Norwegian economy fared better in the pandemic than all its Nordic neighbours The economic downturn in Norway during the pandemic year of 2020 was far less than that experienced by the other Nordic countries according to a new report.
People become more conservative by owning stocks And they become more left-wing if they have a daughter.
Researchers uncover insider trading on the Oslo Stock Exchange Insider trading by a group of executives below the top tier has been flying under the radar, according to researchers. The execs have been making significantly higher profits on buying and selling shares in their own company.
Why is Russia's economy doing so poorly? The elites' power and desire for money slows down economic growth.
At least 300 top officials in Norway earn more than the prime minister Executives and top officials in the public sector have seen a pay increase of 64 per cent.
People are ashamed of their consumer loans But consumer loans are not the worst kind of loan you can have, researchers say.
Low income workers and young people could end up fleeing the big cities. We need to rethink housing in Norway, say researchers When the gap between housing prices and what first-time buyers can afford becomes too big, new ways of thinking emerge.
Lower corporate taxes pay off for both the state and the business community A decrease in the corporate tax of just one percentage point increases investment in business and industry by 0.6 per cent.
Who your parents are matters more and more, even in the social democracy of Norway The differences in wealth between Norwegians is now far greater than in several other European countries.
Norwegian police let suspects investigate their own financial crimes Money laundering, fraud, corruption and insider trading — it’s rare for people in Norway to be convicted of these kinds of white-collar crimes. The authorities are now trying to solve this challenge by letting suspects take over the investigation themselves.
Young people make the least money on stocks Old rich folks make the most money in the stock market. If you’re young and not particularly wealthy, then you’re more likely to lose money in the long run.
Is economic inequality in Norway really as bad as in the UK and France? The statistics gravely underestimate the actual differences in private wealth in Norway, according to a new book.
How do companies and people hide money in tax havens? ASK A RESEARCHER: Tax havens are used to avoid paying taxes. Criminals also use tax havens to hide their illegal income. But why doesn’t the international community stop this practice?
The people who become CEOs aren’t necessarily the smartest in the company For every top executive at a large company, there are likely more than a hundred employees who are smarter.